Zimmer Biomet Holdings (ZBH) — Q2 2026 Earnings Preview

Ticker

ZBH

Earnings Date

August 5, 2026 (8:30 AM ET)

Reporting Period

Q2 2026 (quarter ended June 30, 2026)

Prepared

August 4, 2026

Last Earnings

April 28, 2026 (Q1 2026)

Sector ETF Benchmark

iShares U.S. Medical Devices ETF (IHI)

Table 2 — Beat/Miss History: Top 2 KPIs (Last 8 Quarters)

Quarter

KPI

Reported

Consensus

Surprise %

Result

Q1 2026

Total Revenue

$2,086.7M

$2,069.0M

+0.9%

Beat

Q1 2026

Adj. EPS

$2.09

$1.86

+12.4%

Beat

Q4 2025

Total Revenue

$2,243.8M

$2,224.3M

+0.9%

Beat

Q4 2025

Adj. EPS

$2.42

$2.39

+1.3%

Beat

Q3 2025

Total Revenue

$2,001.4M

$2,010.7M

-0.5%

Miss

Q3 2025

Adj. EPS

$1.90

$1.88

+1.1%

Beat

Q2 2025

Total Revenue

$2,077.3M

$2,046.0M

+1.5%

Beat

Q2 2025

Adj. EPS

$2.07

$1.97

+5.1%

Beat

Q1 2025

Total Revenue

$1,909.1M

$1,895.0M

+0.7%

Beat

Q1 2025

Adj. EPS

$1.81

$1.76

+2.8%

Beat

Q4 2024

Total Revenue

$2,023.2M

$2,014.7M

+0.4%

Beat

Q4 2024

Adj. EPS

$2.31

$2.30

+0.4%

Beat

Q3 2024

Total Revenue

$1,824.2M

$1,797.8M

+1.5%

Beat

Q3 2024

Adj. EPS

$1.74

$1.74

0.0%

In-Line

Pattern: ZBH has beaten revenue consensus in 7 of the last 8 quarters, with the sole miss in Q3 2025 (a known weak quarter). EPS beats have been consistent but the magnitude varies significantly — the Q1 2026 beat was outsized due to the non-recurring tariff benefit. Expect a more modest EPS beat or in-line result in Q2 absent another one-time item.

Source: Visible Alpha consensus and actuals data.